1163 days ago
Hedge funds are liquidating long positions after short squeeze
The rally in 'most shorted' stocks is being met with a crash in the most popular stocks held by hedge funds - as tracked by the Goldman Sachs Hedge Fund VIP Basket
1163 days ago
Here are the most-shorted stocks of the Russell 3000
As we are seeing many short squeezes recently (or so it seems), here is a list of the most-shorted stocks of the Russell 3000 and their year to date returns. GameStop is on top, followed by SunPower and Bed Bath & Beyond.
1163 days ago
UBS has high expectations for EM stocks
UBS Wealth Management changed its preference in equities to developing countries, which are more sensitive to global growth and are cheaper than developed markets. MSCI Inc.’s EM index trades at 16X expected earnings in the next 12 months, far below a P/E ratio of 22X for the S&P 500 and less than the 17X for the Stoxx Europe 600. Source: Bloomberg
1163 days ago
Heavily-shorted equities are outperforming massively
"Over the past 2 days, Goldman's most shorted basket has outperformed the S&P 500 by 11%. This is the 10th largest 2-day outperformance since 2008. However, in the past 30 days the short basket has outperformed the S&P 500 by 37%, this is the LARGEST since 2008". Beware, these bursts of short stock outperformance normally do not last long and when they break, they really break...Source: Bastien Chenivesse, The Bear Traps report
1163 days ago
Bank buybacks at their highest since level since March
Buybacks by BofA's corporate clients have spiked, reaching their highest level since March. And this is all done under the Fed's approval, which had ordered to stop them back in July. Would it not be better to hold on to cash and save it for a rainy day, rather than simply distribute it to shareholders?
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